New York brokerage owner sues predecessor for alleged fraud
Yves Jean-Baptiste bought Rapid Realty in 2018, but now says the former owner Anthony Lolli actually used the deal to pawn off a failing business
by Jim Dalrymple II Apr 20
NYC rent soars to all-time high — and it's not done yet, analysts warn
The median rent in Manhattan climbed to a new high of an astounding $4,175 per month, according to Douglas Elliman and Miller Samuel's March 2023 New York City rental report
by Lillian Dickerson Apr 14
The Prince Team reigns supreme in move from Compass to Corcoran
Dockery and the Prince Team have netted $500M in sales volume across 800 transactions and will now be affiliated with Corcoran's SoHo office, the brokerage told Inman exclusively
Fueled by new wealth, 'ultra-luxury' real estate tallies big year in 2022
Sales of homes valued at $10M or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels
Madison Estates Sotheby's merges with The Franzese Group
The Franzese Group is the latest addition to the 50 real estate professionals Madison Estates Sotheby's International Realty has added to its team since affiliating with the brand in 2021
by Lillian Dickerson Oct 28
NYC real estate commissions are all over the map: Consumer watchdog
In a report on Wednesday, the Consumer Federation of America found the median commissions listing agents offered to buyer agents ranged from 1% in parts of Brooklyn to 3% in Manhattan
by Andrea V. Brambila Oct 20
NYC woman nabbed after renting luxury pads for gang members
Police arrested 35-year-old Latoya Williams on Oct. 5 at her Upper West Side apartment in Manhattan and charged her with aggravated identity theft and wire fraud
by Ben Verde Oct 12
New York state and New York City recoup $3M from luxury developer
Heatherwood received tax exemptions on 2 of their rental properties in Queens and Brooklyn, but failed to pay the buildings' service employees wages and benefits for over 2 years
The Vladi Team moves from The Agency to Ryan Serhant's brokerage
The New York-based 3-member team boasts a combined transaction volume of $40M over the past 12 months
by Lillian Dickerson Sep 23
Crypto executive spends $18.9M on Brooklyn Heights townhouse
Coinbase executive Joseph Lallouz and his wife Chloe Thevenoz paid $18.9M for the five-story brownstone and a separate carriage house in the 'beacon of hope,' reports say
by Ben Verde Sep 8
Amy Schumer in contract to buy 'Moonstruck' house in Brooklyn
Schumer is said to be in contract to purchase 19 Cranberry Street in Brooklyn Heights after touring a number of other townhouses in the neighborhood
by Ben Verde Jun 30
Manhattan median rent hits new $4K high, according to report
Someone applying for a typical Manhattan apartment would need to make a salary of $157,000 per year in order to afford the rent
Agent's selfie at packed open house captures NYC rental market chaos
A video posted this month portrays the insanity of renting an apartment in New York right now, with tenants paying so-called 'cuck money' and reports of more Airbnbs in the city than rentals
by Ben Verde May 24
Compass dethrones Realogy as top brokerage in T3 Sixty Mega 1000
EXp Realty took the top spot for transaction sides. Both it and Compass grew sides and volume by hundreds of percent over the past year, according to real estate analysis and consulting firm T3 Sixty
by Jim Dalrymple II Apr 28
Corcoran lands top spot in first-ever UrbanDigs NYC brokerage rankings
Corcoran took the top spot in Manhattan and Brooklyn with $2.54B in signed contracts, with Compass following close behind, according to the firm's inaugural NYC quarterly report
by Lillian Dickerson Apr 28